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Bar Harbor announces 3-for-2 stock split.

Bar Harbor Bankshares, parent company of Bar Harbor Bank & Trust and Lake Sunapee Bank, has declared a three-for-two split of its common stock, payable in the form of a large stock dividend, payable March 21 to its common stockholders of record at the close of business on March 7.

"Bar Harbor Bankshares has generated increased value for shareholders through execution of our business strategies, stock price appreciation and quarterly cash dividends," said CEO Curtis C. Simard. "We have now closed the Lake Sunapee Bank Group acquisition and believe that the three-for-two stock split will make our company more attractive to a broader range of investors."

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Title Annotation:THE BOTTOM LINE
Publication:New Hampshire Business Review
Date:Mar 3, 2017
Words:105
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